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Earnings Per Share (Tables)
6 Months Ended
Oct. 02, 2021
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings per Common Share

The following table sets forth the computation of basic and diluted earnings per common share:

 

 

 

Three months ended

 

Six months ended

 

(Dollars and shares in thousands, except per share data)

 

October 2,
2021

 

 

September 26,
2020

 

 

October 2,
2021

 

 

September 26,
2020

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

50,723

 

 

$

17,511

 

 

$

93,624

 

 

$

29,414

 

Undistributed earnings allocated to participating securities

 

 

 

 

 

(19

)

 

 

 

 

 

(53

)

Net income attributable to the Company's common shareholders

 

$

50,723

 

 

$

17,492

 

 

$

93,624

 

 

$

29,361

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average shares outstanding

 

 

56,808

 

 

 

56,654

 

 

 

56,757

 

 

 

56,593

 

Dilutive securities

 

 

400

 

 

 

255

 

 

 

455

 

 

 

238

 

Diluted weighted-average shares outstanding

 

 

57,208

 

 

 

56,909

 

 

 

57,212

 

 

 

56,831

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$

0.89

 

 

$

0.31

 

 

$

1.65

 

 

$

0.52

 

Diluted net income per share

 

$

0.89

 

 

$

0.31

 

 

$

1.64

 

 

$

0.52